LyondellBasell (NYSE: LYB) CFO reports routine tax-withholding on vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. executive vice president and chief financial officer Agustin Izquierdo Sabido reported a routine tax-related share disposition tied to equity compensation. On April 15, 2026, restricted stock units vested into 182 Class A ordinary shares. To cover tax withholding obligations, the issuer withheld 45 shares at a value of $73.13 per share, a non‑market transaction made directly with the company rather than an open‑market sale. Following this event, Izquierdo Sabido directly held 33,499 Class A ordinary shares. He also holds 26,216 restricted stock units under the company’s long‑term incentive plan, scheduled to vest in multiple tranches from 2027 through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Izquierdo Sabido Agustin
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 45 | $73.13 | $3K |
Holdings After Transaction:
Class A Ordinary Shares — 33,499 shares (Direct)
Footnotes (1)
- On April 15, 2026 the reporting person's restricted stock units automatically vested 182 shares. 45 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Represents 26,216 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 242 granted on February 22, 2024 that vest on February 22, 2027; 182 granted on April 15, 2024 that vest on April 15, 2027; 2,817 granted on February 27, 2025 that vest on February 27, 2027; 2,817 granted on February 27, 2025 that vest on February 27, 2028; 6,720 granted on February 28, 2026 that vest on February 28, 2027, 6,719 granted on February 28, 2026 that vest on February 28, 2028 and 6,719 granted on February 28, 2026 that vest on February 28, 2029.
Key Figures
Shares withheld for taxes: 45 shares
Tax-withholding price: $73.13 per share
Shares after transaction: 33,499 shares
+3 more
6 metrics
Shares withheld for taxes
45 shares
Tax-withholding disposition on April 15, 2026
Tax-withholding price
$73.13 per share
Value used for 45 withheld shares
Shares after transaction
33,499 shares
Direct Class A ordinary shares held post-transaction
Vested RSUs
182 shares
Restricted stock units vested on April 15, 2026
Outstanding RSUs
26,216 units
Restricted stock units under long-term incentive plan
Future vesting period
2027–2029
Scheduled vesting years for remaining RSUs
Key Terms
restricted stock units, tax withholding obligations, long-term incentive plan
3 terms
restricted stock units financial
"On April 15, 2026 the reporting person's restricted stock units automatically vested 182 shares."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"45 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations."
long-term incentive plan financial
"Represents 26,216 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What did LYB CFO Agustin Izquierdo Sabido report in this Form 4?
He reported a routine tax-withholding disposition related to equity compensation. On April 15, 2026, 182 restricted stock units vested into shares, and 45 shares were withheld by LyondellBasell to satisfy tax withholding obligations, rather than being sold in the open market.
What happened to the CFO’s restricted stock units in LyondellBasell (LYB)?
On April 15, 2026, 182 restricted stock units automatically vested into Class A ordinary shares. The filing also notes the CFO retains 26,216 restricted stock units outstanding under the company’s long-term incentive plan, scheduled to vest in multiple future tranches through 2029.
Is this LYB Form 4 an open-market sale by the CFO?
No, the filing describes a tax-withholding disposition, not an open-market sale. The 45 shares were withheld by LyondellBasell itself to satisfy tax obligations from vesting restricted stock units, a common administrative mechanism rather than a discretionary sale into the market.
How are the CFO’s remaining LYB restricted stock units scheduled to vest?
The 26,216 remaining restricted stock units vest in several tranches. Grants from 2024, 2025, and 2026 are scheduled to vest on specific dates in 2027, 2028, and 2029, reflecting a multi-year long-term incentive structure tied to ongoing service.